DATE: July 4, 2005
SUBJECT: Public Service Management Insurance Plan (PSMIP) - Change of Insurer
Purpose
The purpose of this notice is to advise you of a change in the insurer for the Public Service Management Insurance Plan (PSMIP).
Background
The Industrial Alliance Insurance and Financial Services Inc Company of Canada (National Life) has been the principal insurer for the PSMIP since its inception in 1968. National Life has been a
subsidiary of Industrial Alliance Insurance and Financial Services Inc. (Industrial Alliance) since 1988.
Effective June 30, 2005 National Life's operations were transferred to Industrial Alliance. This transfer represents the culmination of the harmonization of business
activities between the two companies.
As a result of this change, Industrial Alliance has assumed National Life's contractual commitments, including all duties, obligations and liabilities with respect to
the PSMIP Group policy G68-1400.
THIS CHANGE DOES NOT AFFECT PLAN MEMBERS OR THEIR BENEFITS.
It is the responsibility of each department to advise employees of this change and to ensure they understand that this change in no way affects their coverage or
benefits. Would you ensure that the attached NOTICE TO EMPLOYEES is distributed within your organization.
Details
There will be no change in the administration of the plan. The mailing address for the insurance company and the insurance team for the plan will remain the same.
However, forms and publications are being updated to change the name of the insurer.
Compensation officers should consult the appropriate websites for electronic versions of the revised forms.
The address and process for ordering copies of printed forms is unchanged.
The insurer has already mailed a small supply of printed claims forms to departments and employers.
Departments are requested to begin using the new forms. Existing stock of the old forms should be destroyed.
There is one exception. Revised Declaration of Health forms (2028-2 and 2028-3) are not yet available but will be available soon. The insurer will continue to
process the current Declaration of Health forms until the revised forms are available.
Enquiries
For additional information, compensation specialists may call Cathy McGovern at (613) 952-3239.
This notice is available via the Treasury Board Web site on Publiservice and the Internet. To access the site, type one of the following in the address section of your
World Wide Web Browser:
Publiservice access: http://publiservice.tbs-sct.gc.ca
Internet Access: http://www.tbs-sct.gc.ca
Phil Charko
Assistant Secretary
Pensions and Benefits Sector
NOTICE TO EMPLOYEES
SUBJECT: Change of Insurer for Public Service Management Insurance Plan (PSMIP)
The Industrial Alliance Insurance and Financial Services Inc Company of Canada (National Life) has been the principal insurer for the Public Service Management Insurance Plan (PSMIP) since the
inception of the plan in 1968. Effective June 30, 2005 National Life's business operations were transferred to its parent company, Industrial Alliance Insurance and
Financial Services Inc.(Industrial Alliance) and, as a result, Industrial Alliance will be the insurer for the PSMIP.
This change will not affect the terms of your insurance in any way. The PSMIP Group Policy G68-1400 was transferred to Industrial Alliance. The transfer does not result
in any change to the policy, and Industrial Alliance will assume all duties, obligations and liabilities in connection with the policy.
In addition, there will be no change in the administration of the plan, except for the change in the name of the insurer on the forms and publications. The mailing
address for the insurance company and the insurance team for the plan will remain the same.
National Life has been a subsidiary of Industrial Alliance since 1988 and this transfer represents the completion of the harmonization of business activities that has
been underway for several years.
The transfer of National Life's business operations to Industrial Alliance has been approved by the Minister of Finance.
If you have any questions, you should contact your departmental compensation officer.
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